French government-owned utility services provider Électricité de France SA (EDF) is looking to raise more than $100 million for its smart meter platform, three people with knowledge of the development said.
The company is looking to bid for smart-meter contracts in major cities across India, the first person cited above said.
"A few strategics and climate funds have been reached out to. It is still early days. The deal is likely to be closed in the first quarter of next calendar year," the second person said.
In 2019, EDF was chosen by staterun Energy Efficiency Services Ltd (EESL) for putting up five million smart meters in Bihar and Andhra Pradesh. This contract was awarded to EDF in association with Accenture Solutions Private Ltd (India). It has so far installed more than 200,000 meters so far.
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Denne historien er fra December 25, 2023-utgaven av Mint Mumbai.
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